News Release: Tokyo Individualized Educational Institute, Inc. (4745 TSE 1)
April 9, 2020

Concerning the Summary of Results of Board ofDirectors Efficacy Evaluation
The following is a summary of the results of our Board of Directors Efficacy Evaluation conducted based on
the efficacy evaluation for the Board of Directors outlined in the Tokyo Individualized Educational Institute
Basic Policy on Corporate Governance (*).
Description
1. Method of evaluation
The nine Directors and Audit and Supervisory Board Members conducted anonymous self-evaluations,through which they each applied a rating scale of 1 through 5 to evaluate various categories, including
the structure and management of the Board of Directors, and information provision to Outside Directors.
We also included a column for respondents to include their opinions.
After a board of independent Outside Directors consisting of two Outside Directors and two Outside Audit
and Supervisory Board Members summarized the results of the self-evaluation, the Board of Directors
conducted an analysis and evaluation of its efficacy.

2. Analysis and evaluation results(1) Summary of analysis and evaluation results
Based on the following, our Board of Directors has assessed that it is functioning effectively.
1) Structure of the Board of Directors- The Board of Directors is comprised of 40% outside directors who have a diverse range of experienceand expertise. At each Board of Directors meeting, outside directors engage in open and spirited
deliberations.
- We will continue to ensure the diversity of the Board of Directors members and, in particular, work tosecure Board of Directors members with expertise in the fields of IT and finance.
2) Board of Directors management- The frequency of Board of Directors meetings, the scope of motions deliberated, and the materialsprovided for said motions are appropriate. Improvements have also been made in securing time toallow for the prior evaluation of said materials.
- We continue to score high marks for the management of "matters for deliberation" related to important
motions and will continue to maintain this high standard.
(2) Issues identified through an analysis and evaluation results
The following matters were identified as issues to be addressed in order to further increase the efficacyof the Board of Directors.
1) With regard to issues concerning the number of members on the Board of Directors, we will respondby replenishing with Outside Directors possessing expertise, particularly those with knowledge,
experience, and skills in IT. As for Board's structure, depending on environmental changes orcompany growth, we will continue to deliberate member structure and the roles via the Nomination& Compensation Committee, our discretionary advisory committee.

2) To improve the quality of deliberations by the Board of Directors, in addition to evaluating the content
and nature of motions presented to the Board, we will evaluate ways to secure more time for theprior evaluation of materials related to matters presented to the Board as well as establish sufficient
opportunities for the deliberation of motions.
3. Future response
We will apply the above analysis and evaluation towards further improving Board efficacy and work to
improve identified issues.
Furthermore, we will consider improvements to evaluation methods and processes in order to further
strengthen our governance structure.

(*) URL:https://www.tkg-jp.com/en/about/governance.html